IVA Payment Calculator

Wondering how much your IVA payments might be? Our IVA calculator gives you an instant estimate of what you could pay each month and how much debt you could write off through an Individual Voluntary Arrangement.

Set your figures with the sliders below:

£6,000

You would repay

£30,000

Debt written off 83%

This calculator is for illustration purposes and provides an example based on typical IVA terms. Your actual payment amount will depend on your individual circumstances, a detailed assessment of your income and expenses, creditor approval of your proposal, and annual reviews throughout your IVA. Debt write-off could be up to 73% and varies based on what you can afford to repay. Only a licensed Insolvency Practitioner can provide accurate figures specific to your situation. Fees apply.

What is an Individual Voluntary Arrangement?

An Individual Voluntary Arrangement (IVA) is a debt solution that provides legal protection. Once approved, your creditors must stop chasing you for payment. All contact from debt collectors and bailiffs must end, and interest and charges on your debts are frozen.

You might be eligible for an IVA if you:

  •  Owe £7,000 or more in unsecured debt
  •  Have regular income (employment, self-employment, pension)
  •  Can afford monthly payments to your creditors
  •  Have at least two creditors
  •  Want legal protection & a clear path to becoming debt-free
Check if You Qualify
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How Our IVA Payment Calculator Works

Our IVA calculator helps you calculate your IVA payments by taking your income and subtracting essential living costs like rent, utilities, food, and travel. What’s left is your disposable income, which forms the basis of your IVA payment.

The calculator then projects how much you’d repay over a typical 5-6 year IVA term and estimates how much debt could be written off. This gives you a helpful starting point to work out how much you might pay, but your licensed Insolvency Practitioner will complete a thorough assessment of your total amount of debt to prepare your IVA proposal with your actual affordable payment.

Understanding Your IVA Calculator Results

Monthly Payment You Can Afford

This is what you could pay each month based on your disposable income after essential living costs. Your actual payment will be set at a level you can maintain throughout your IVA.

Potential Debt Write-Off

This shows approximately how much debt you could write off once you complete your IVA. This is an example only – actual write-off can be up to 73%* and depends on your total debt, affordable payment, and creditor approval.

Total Amount You'll Repay

This is what your monthly repayments add up to over a typical 5-6 year IVA term. Your total repayment is based on what you can afford rather than the full debt amount.

What Debts Can You Include in an IVA Debt Calculation?

An IVA can only include unsecured, non-priority debts. These are debts that aren’t secured against an asset. This includes:

  • HMRC debts (income tax, National Insurance, tax credits)
  • Benefit overpayments
  • Solicitor’s costs
  • Business debts (if personally guaranteed)
  • Debts owed to family and friends
  • Vet bills and private health insurance

Priority debts like mortgage, rent, and secured loans need to be dealt with separately, as they can lead to serious consequences such as repossession or loss of essential services.

Online IVA Calculator FAQs

No, our IVA calculator does not perform a credit check or share your information with credit reference agencies. It is for information only and has no impact on your credit file – it’s for information only.

Yes, our IVA calculator works for all income types. Self-employed IVAs may have additional considerations around irregular income and business debts, which an Insolvency Practitioner can help you navigate.

The calculator provides a realistic estimate based on the information you enter, but it’s not a guarantee. Your actual IVA payment will be determined by your Insolvency Practitioner after a detailed income and expenditure assessment, and must be approved by your creditors. The calculator is designed to give you a helpful indication of what an IVA might look like for you and what you need to live on each month after your debt repayments.

Using our IVA calculator doesn’t commit you to anything. If you want to explore an IVA further, you can book a free consultation with our debt consultants or an Insolvency Practitioner. They’ll review your full financial situation, explain whether an IVA is suitable, and answer any questions you have about the process and IVA fees.

Take Control of Your Debt Today

If the IVA calculator shows this could be a suitable option for you, speaking with a licensed Insolvency Practitioner is the next step. At NDH Financial, we’re personal insolvency specialists with our own in-house licensed Insolvency Practitioner who can help you explore individual insolvency solutions.

We’ll review your situation, explain how an IVA works, and show your creditors a realistic proposal based on what you can afford. There’s no obligation, no upfront fees, and no pressure – just honest guidance about your options for achieving a debt-free future.

Apply Now

Have More Questions? Our IVA Learning Hub Can Help

We know you might have questions and that's fine. We can answer most of those on our call.

But we've also built our learning hub so that you can learn more about an IVA and see if one is right for you.

Click below to check it out.

IVA Learning Centre